PBR Dividend Type Payments

Although PBR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Petroleo Brasileiro S.A.- Petrobras to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Petroleo Brasileiro S.A.- Petrobras (PBR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
13.44	13.47	13.43	+0.70	25.6M	-	55B

PBR Dividend-Like Income Using Covered Calls

With PBR at 13.43, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield	Annual Premium	Cents/Day
3%	0.40	0.1
5%	0.67	0.2
10%	1.34	0.4

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On PBR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	13.50	0.13	22	0.6	0.03 (0.2%)
Apr 11	13.50	0.10	29	0.3	0.03 (0.2%)

5% Yield On PBR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	13.50	0.13	22	0.6	0.03 (0.2%)
Apr 11	13.50	0.10	29	0.3	0.03 (0.2%)

10% Yield On PBR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	13.50	0.13	22	0.6	0.03 (0.2%)
May 16	14.00	0.32	64	0.5	0.53 (3.9%)

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Want more examples? PBPB Dividend | PBR.A Dividend